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Path to sustainable infrastructure
Researchers make a call to action as a study reveals that despite much growth in sustainable infrastructure, it’s still not a part of core allocation strategy for many investors.
Examining the limits of modern portfolio theory
The definition of what it means to invest is changing, according to Jon Lukomnik and James P. Hawley, which means examining the limitations of the 75-year old legacy of modern portfolio theory.
Culture is key in the ESG journey
Renosi Mokate, board member at Africa’s largest pension fund South Africa’s Government Employee Pension Fund, GEPF, believes that one reason the R1 trillion ($107 billion) fund so comfortably embraces ESG principles stems from South Africa’s own turbulent history. “Our investment policy has been influenced by our history,” she says, speaking at PRI in Person 2015, the annual
300 Club roots for stewardship over salesmanship
The 300 Club is a rare group that combines long-term thinking and asset management provision. Taking on an industry that is evolving from client-driven to product-driven, the 300 Club is proposing a fundamental mindset shift from short-term salesmanship to long-term stewardship. In this paper, chief investment officer of Kempen Capital Management in the Netherlands, Lars
Pension funds want ESG guidelines
Not only are pension funds bringing ESG factors into decision-making, they are also starting to call for guidance in their efforts, the International Organisation of Pension Supervisors writes.
Active ownership
Academics from the London Business School, Boston College and Temple University, examine the outperformance of US public companies following corporate social responsibility engagement.
Leverage: Friend or foe?
Against the backdrop of rising rates, market turmoil and pension funds’ ever-growing illiquid allocations, leverage is going to increasingly come under the spotlight. Today’s changing macro picture of increasing interest rates and rising borrowing costs will put pressure on pension funds to ensure financing costs are compensated with expected returns.
Opinion